First American Title Insurance Company (Nebraska): Overview, Contacts, Services, Financials, Claims, Reviews, Careers and Benefits

Title Insurance

• Owner’s title insurance: Safeguards homeowners from financial losses caused by title defects like liens, easements, and encroachments.
• Lender’s title insurance: Protects mortgage lenders from financial losses if property title issues arise.
• Commercial title insurance: Shields businesses and commercial property owners from financial losses due to title defects.
• Construction title insurance: Guards builders, homeowners, and lenders against potential title defects during construction.

Title and Settlement Services

• Title search: Thoroughly searches public records to identify potential title defects.
• Title insurance: Offers financial protection against title defects.
• Settlement services: Coordinates all aspects of real estate closings, including fund transfers and title transfers.

Other Services

• Home warranty: Provides protection against unexpected repairs to home systems and appliances.
• Real estate data solutions: Offers access to comprehensive real estate data and analytics tools.
• Trust services: Provides a range of trust services, including estate planning, asset protection, and charitable giving.
• International services: Offers title insurance and related services to clients worldwide.

Financial Details

First American Title is a privately held company, which means that its financial information is not accessible to the public.

However, its parent company, First American Financial Corporation, is a publicly traded company.

Here are the financial results for the third quarter of 2023 for First American Financial Corporation:

• Revenue: $2.2 billion
• Net income: $336 million
• Diluted earnings per share: $1.08

Additional financial details about First American Financial Corporation:

• Assets: $99.8 billion
• Liabilities: $67.4 billion
• Shareholders’ equity: $32.4 billion
• Credit rating: A+ (Standard & Poor’s)

Claims Handling and Cancellations

At First American Title Insurance Company (Nebraska), a dedicated team manages all claims filed by policyholders.

This team boasts extensive knowledge and experience in the title insurance industry, striving to deliver a fair and efficient claims process to policyholders.

Cancellations

First American Title Insurance Company (Nebraska) maintains the authority to cancel title insurance policies in specific situations, which include:

1. Non-payment of the policy premium by the policyholder.
2. Detection of a fraudulent claim made by the policyholder.
3. Discovery of fraud or misrepresentation by the policyholder during the policy issuance.
4. A substantial increase in the insured risk after policy issuance.

If First American Title Nebraska cancels a title insurance policy, the policyholder is eligible for a refund of the unearned premium.

Customer Reviews

First American Title Insurance Company (Nebraska) receives a range of customer feedback.

Some customers appreciate the company’s outstanding customer service and swift closing process.

On the other hand, there are customers who express dissatisfaction due to issues like inadequate communication, delays, and other concerns.

Tips for selecting a title insurance company

1. Obtain quotes from several companies.
2. Review customer feedback.
3. Seek recommendations from your real estate agent or mortgage lender.
4. Verify that the company holds the necessary licenses and insurance.
5. Inquire about the company’s procedure for handling claims.
6. Ensure you grasp the policy’s terms and conditions before committing.